Sri Lanka hardens stand on pact to lease oil storage to IOC

November 10, 2013
New Delhi, Nov 10: Hardening its stance, Sri Lanka has refused to sign a decade old agreement to lease the Trincomalee strategic oil storages to a unit of Indian Oil Corp (IOC) and is blocking the Indian firm's plans to set up a bitumen plant in the island nation.

srilankan

Hardening its stance, Sri Lanka has refused to sign a decade old agreement to lease the Trincomalee strategic oil storages to a unit of Indian Oil Corp (IOC) and is blocking the Indian firm's plans to set up a bitumen plant in the island nation.

In 2003, Lanka IOC - a subsidiary of state-owned IOC - bought one-third share in Ceylon Petroleum Storage Terminals Ltd which operates the China Bay tank farm. Ceylon Petroleum Corp (CPC) and Colombo entered into a MoU with Lanka IOC to grant a long-term lease to the Indian firm for operating the 99 storage tanks at Trincomalee for 35 years for an annual fee of USD 100,000.

However, the 35-year lease finalisation dragged on and now Colombo has reservations on leasing out 'state asset' to Lanka IOC, industry sources said.

Since commencing operations, Lanka IOC has invested close to USD 15 million at regular intervals in creating facilities like additional storage tanks, lube blending facilities and refurbishing of jetty.

It also wants to invest another USD 17 million in creating bitumen handling facilities at the tank farm and had applied to the Board of Investment (BOI) of Sri Lanka, they said adding BOI has told Lanka IOC that approval can be given only after settlement of lease issue.

Sources said with Sri Lanka government having reservations on leasing the facilities to Lanka IOC, the entire project is stuck.

Petroleum Secretary Vivek Rae has written to Foreign Secretary Sujatha Singh to take up the issue at the diplomatic level.

Lanka IOC, at the instance of Sri Lankan government, had in May submitted a proposal to operate the tank farms in a joint venture with CPC but there has been no response so far.

India voted against Sri Lanka in a US-sponsored resolution at the Human Rights Council in March, and has now downgraded its presence at the first multilateral CHOGM meeting in Colombo from the Prime Minister's level.

Right after the UN vote, the Sri Lankan government had announced it would renegotiate the tank farm agreement signed in 2003.

The China Bay tank farm, a World War II depot in Trincomalee, is the largest tank farm in South Asia and of great strategic value as it falls between the Middle East and Singapore.

Under privatisation, Colombo gave Lanka IOC the farm of 99 storage tanks, of which 15 are being used and two more are being refurbished at a cost of USD 17 million.

The 99 storage tanks and ancillary facilities are divided into 'upper' and 'lower' farms. The lower tank farm with 15 tanks is currently being utilised by Lanka IOC for storing and distribution of petroleum products. The upper tank farm consists of 84 tanks in an area of about 800 acres and is not being utilised presently except for storage of water in 4 tanks.

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Agencies
February 29,2020

Thiruvananthapuram, Feb 29: With Saudi Arabia indefinitely suspending visas for visit to Islam's holiest site for the Umrah pilgrimage in the wake of coronavirus outbreak, more than 10,000 people in the state who are awaiting their turn this year for the annual Hajj pilgrimage are a worried lot.

"This year more than 10,000 people in Kerala have been cleared by the Hajj committee," said C Muhammed Faizy, chairman, Kerala State Hajj Committee.

"There is no cause of worry. We hope that during the time of the pilgrimage, the travel restriction by Saudi Arabia will be lifted," he said.

Umrah is a pilgrimage to the holy site that can be undertaken at any time of the year, while the annual Hajj pilgrimage has specific months according to the lunar calendar.

"The move by the Saudi Arabian Government to impose travel restriction was due to the outbreak of coronavirus. It is a preventive step to contain it. In such large gatherings, if one person is affected, it will spread to others. So we fully understand the concerns of the Saudi Government," Muhammed Faizy added.

He said that the Hajj Committee only processes the requests of annual Hajj visit pilgrims and not Umrah.

"This year we expect the Hajj pilgrimage season to be from June to August after Ramzan. But it may vary according to the Ramzan date. We are yet to get any official correspondence from the Saudi Government regarding travel restrictions," he added.

The Saudi Arabian Government suspended visas for tourists from countries affected by the coronavirus, with many having to cancel their Umrah pilgrimage at the last minute.

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News Network
July 18,2020

Ayodhya, Jul 18: The Shri Ram Janmabhoomi Teertha Kshetra Trust has invited Prime Minister Narendra Modi to lay the foundation stone of a grand Ram Temple in Ayodhya either on August 3 or 5, both auspicious dates, said a spokesperson.

PM Modi had announced the formation of the Shri Ram Janmabhoomi Teertha Kshetra Trust on February 5.

Mahant Kamal Nayan Das, the spokesperson of Ram Mandir Trust president Nritya Gopal Das said, "We have suggested two auspicious dates -- August 3 and 5 -- for the prime minister's visit based on calculations of movements of stars and planets."

After a protracted legal tussle, the Supreme Court had on November 9 last year paved the way for the construction of a Ram Temple by a Trust at the disputed site in Ayodhya and directed the Centre to allot an alternative 5-acre plot to the Sunni Waqf Board for building a new mosque at a "prominent" place in the holy town in Uttar Pradesh.

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Agencies
July 7,2020

India's COVID-19 tally raced past the seven lakh-mark with 22,252 fresh infections on Tuesday, five days after crossing the six lakh post, while the death toll climbed to 20,160 as 467 more people succumbed to the disease, according to the Union health ministry.

With this, the country has recorded over 20,000 cases of the infection for the fifth consecutive day.

India's coronavirus infection caseload stands at 7,19,665, the ministry's data updated at 8 am showed.

With a steady rise, the number of recoveries stands at 4,39,947, while there are 2,59,557 active cases of coronavirus infection in the country.

"Thus, around 61.13 % of patients have recovered so far," an official said.

The total number of confirmed cases also includes foreigners.

Of the 467 deaths reported in the last 24 hours, 204 are from Maharashtra, 61 from Tamil Nadu, 48 from Delhi, 29 from Karnataka, 24 from Uttar Pradesh, 22 from West Bengal, 17 from Gujarat.

Telangana and Haryana reported 11 deaths each; Madhya Pradesh nine; Andhra Pradesh seven; Jammu and Kashmir six; Rajasthan and Punjab five each; Bihar, Kerala and Odisha two each; and Arunachal Pradesh and Jharkhand one each.

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